Common use of Mortgages or Pledges of Assets Clause in Contracts

Mortgages or Pledges of Assets. Create, incur, assume or permit to exist, any Lien on any of its Properties, or permit any of its Subsidiaries to do so; provided, however, the foregoing restriction in this Section shall not apply to Permitted Liens.

Appears in 3 contracts

Samples: Possession Credit Agreement (Swift Energy Co), Possession Credit Agreement (Swift Energy Co), Credit Agreement (Swift Energy Co)

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Mortgages or Pledges of Assets. Create, incur, assume or permit to exist, any Lien on any of its the Mortgaged Properties, or permit any of its Subsidiaries to do so; provided, however, the foregoing restriction in this Section section shall not apply to Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (International PetroReal Oil CORP)

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